Commercial auto insurance is a major requirement for businesses to operate in Alaska. This is regulated by the Alaska Division of Insurance. This division is also responsible for regulating the implementation of worker’s compensation in the state.
Alaska requires all business-owned vehicles to be insured. This is strictly regulated, regardless of the industry or whether you use your vehicles as a primary form of business (such as food delivery or fleet trucking) or for operational needs (such as transporting business goods and equipment). This may also include bobtail insurance coverage.
The minimum commercial auto insurance coverage for businesses in Alaska is $25,000 for property damage, $50,000 for bodily injury (per person), and $100,000 for liability due to bodily injury (per accident).
There are several factors that can impact the final quotation that is given by insurance companies for businesses in Alaska. Depending on the type of vehicle or nature of business, the average cost of commercial auto insurance can start at $97 per month.
Make sure you seek insurance quotes for your business vehicles to protect you from risk. Using your personal auto insurance won’t provide you with adequate coverage and protection against liabilities and claims in the event of injury or property damage involving your business vehicles.
The short answer is all vehicles that are used for commercial or business purposes. If you are using your personal vehicle for your business, you can talk to an insurance agent about the possibility of a business use endorsement on your personal auto insurance policy. However, a commercial auto insurance policy is best so you can get maximum coverage and protection.
The following are the vehicle types that are commonly covered in this type of insurance. The insurance rates vary for each vehicle type:
550 E Tudor Rd Ste 203, Anchorage, AK 99503
(907) 644-8700
http://www.akcommercialinsurance.com/
912 E 15th Ave #100, Anchorage, AK 99501
(800) 890-5563
http://www.alaskapacificins.com/
148 W 34th Ave, Anchorage, AK 99503
(907) 276-9600
https://akquote.com/